Global Winter Sports Equipment Market 2018-2022
About this market
The advent of innovative winter sports equipment, especially skates to gain traction in the market. The market competitors are continually investing in R&D to launch new products with improved features. Technavio’s analysts have predicted that the winter sports equipment market will register a CAGR of over 2% by 2022.
Rising participation rate in professional ice hockey competitions
At present, the global participation in hockey is rising at a significant rate. North America recorded the highest growth in terms of participation rate.
Winter sports, especially ice hockey, not affordable sports activity
Winter sports are played especially in countries, with favorable climatic conditions, due to the high cost of equipment like sticks, skates, and protective gear.
For the detailed list of factors that will drive and challenge the growth of the winter sports equipment market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including ROCES and SCOTT Sports the competitive environment is quite intense. Factors such as the rising participation rate in professional ice hockey competitions and the advent of innovative winter sports equipment, especially skates, will provide considerable growth opportunities to winter sports equipment manufactures. Amer Sports, American Athletic Shoe, BAUER Hockey, NIDECKER, ROCES, and SCOTT Sports are some of the major companies covered in this report.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook